- Client: UK-based portfolio landlord
- Property portfolio value: £5.62M
- Loan amount: £4.215M
- LTV: 75%
Enness was approached by a UK-based portfolio landlord who needed to raise capital quickly to complete the purchase of a new property. With just three weeks to complete, the client needed a short-term funding solution that could be arranged within a tight timeframe.
The new property was valued at £3.4M, while the client needed to release £856k from their existing buy-to-let portfolio to support the acquisition. With a substantial property portfolio already in place, the opportunity was viable, but the timescale meant a conventional mortgage was unlikely to provide the flexibility required.
A bridging loan provided the client with the short-term liquidity needed to move forward. The facility was structured against the existing property portfolio, allowing the client to access the capital required without having to wait for a longer-term refinancing process.
Speed was particularly important in this case. With only three weeks available to complete the purchase, Enness focused on identifying lenders comfortable with the client’s portfolio, the level of borrowing required and the short-term nature of the facility.
Using our specialist lender network, we arranged a bridging solution at 75% LTV that met the client’s requirements and allowed the transaction to progress within the required timeframe.
The case demonstrates how short-term bridging finance can provide flexibility for experienced property investors when a purchase needs to move ahead before longer-term finance or another liquidity event is available.
Enness works with a wide range of specialist lenders to structure bespoke property portfolio finance and bridging solutions. Each case is assessed individually, with the funding structure tailored around the borrower’s circumstances, assets and objectives.
Important: Bridging finance is short-term borrowing and requires a credible and achievable exit strategy. Where repayment depends on refinancing or another future source of funds, changes in circumstances, lender criteria or market conditions may affect the anticipated exit and the overall cost of borrowing.
Read the UK version of this case study.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
